Stay up-to-date on the companies, people and issues that impact businesses in Syracuse, Central New York and beyond.
Young professionals face barriers to saving for retirement
UTICA — Young professionals hear the message early and they hear it often — start saving for retirement as soon as possible. While the message is a good one, the tough economic times of the past few years have changed the playing field in a way that doesn’t always make that the best option for […]
DUMAC draws up expansion, growth plans
DeWITT –– DUMAC Business Systems, Inc. — a company that distributes point-of-sale (POS) systems, and develops inventory and corporate-reporting software — is planning and executing a series of growth initiatives. Last year, DUMAC’s annual revenue spiked 50 percent from 2010 levels, and the business-systems provider added 22 employees, according to DUMAC officials. That brought the
Upstate consumer confidence rises in February
Upstate New Yorkers signaled a greater willingness to spend for the fourth consecutive month in February, even as statewide and national consumer confidence stagnated. The overall consumer-confidence index for upstate New York climbed 2.4 points to 71.9 in February, according to a survey from the Siena (College) Research Institute (SRI). Upstate residents felt more comfortable
CPA firm Bowers & Co. heads north through acquisition
WATERTOWN — Accounting firm Bowers & Co. CPAs, PLLC has a new office in Watertown after acquiring a firm there. The acquisition was effective Jan. 1. The Watertown firm, Sovie & Bowie CPAs, P.C., launched in 1978 and employed eight people at the time of the acquisition. Bowers has since added two more employees. “We
Seneca Data supercomputer is one of the most powerful, and cleanest, in world
CICERO — A local company is behind one of the top 100 supercomputers in the world. Cicero–based computer manufacturer Seneca Data built HokieSpeed, a supercomputer at Virginia Tech. It ranked 96th on the latest Top500 list of the world’s most powerful supercomputers, released in November. A group of researchers in the U.S. and Germany compiles
Excellus’ Vercillo expects no major CNY changes after CEO Klein retires
The leader of Excellus BlueCross BlueShield’s Central New York region does not anticipate any overhaul of the insurer’s local operations when its CEO retires at the end of the year. “We’re a mission-driven organization,” says Dr. Arthur Vercillo, regional president for Excellus. “We feel very strongly that we should be local and collaborative. We believe
Gear Motions plans more growth after Buffalo acquisition
SOLVAY — Gear Motions Inc. intends to rev up its rate of growth after the custom-cut gear and ground-gear supplier expanded its customer base by acquiring Buffalo–based Pro-Gear Co. Inc. “We’re seeing a lot of export opportunities,” says Dean Burrows, vice president of Gear Motions and president of its Nixon Gear subsidiary. “A lot is
SBA kicks off second year of e200 program in Syracuse
SYRACUSE — The U.S. Small Business Administration (SBA) launched Syracuse’s 2012 Emerging Leaders initiative (e200) Feb. 27, starting recruitment for the program, which is returning to the region for a second consecutive year. “We want you to grow your dream,” U.S. Rep. Ann Marie Buerkle (R–Onondaga) said during a press conference kicking off this year’s
BCG, BHL expect more revenue growth and additional hiring this year
CLAY — The leaders of a pair of local financial-services companies believe their firms will continue a recent hot streak of adding employees and growing revenue in 2012. Benefit Consulting Group (BCG) and its sister company, Bailey, Haskell & LaLonde (BHL), have collectively been adding between five and 10 employees every year for five consecutive
IIABNY study: Insurance agents remain content with carriers
DeWITT — Independent insurance agents are generally satisfied with insurance companies, according to a new report from the Independent Insurance Agents & Brokers of New York, Inc. (IIABNY). In fact, agents’ opinions of personal insurance companies and commercial insurers have changed little in the last year, found the report. It details the Winter 2012 IIABNY
Stay up-to-date on the companies, people and issues that impact businesses in Syracuse, Central New York and beyond.